General manager Rob Hennigan announced Friday that the team has bought out the 28-year-old forward's contract, which will make him a free agent once he clears waivers. The roster now stands at 12 players.

Terms weren't released but Davis, who was averaging 12.1 points and 6.3 rebounds in 45 games this season, is making just over $6 million this season and is due to make about $6.6 million next season.